Block deal on United Breweries; stock up 1%

Around 4.5 lakh shares were traded in a single block at Rs. 327.45 on the NSE.

Mar 23, 2016 04:03 IST India Infoline News Service

United Breweries
United Breweries gained 1.1% to Rs.852 on BSE.  Around 4.5 lakh shares were traded in a single block at Rs. 327.45 on the NSE.  Heineken buys additional 21 Lakh shares in United Breweries, as per media reports.

United Breweries, who was seen as a likely candidate to buy the Kingfisher Airline brand, has said that it is not interested in owning the carrier's label, according to media reports. 

The scrip opened at Rs. 855 and has touched a high and low of Rs. 864 and Rs. 840.6 respectively. So far 2943460(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 22278.34 crore.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1225 on 17-Apr-2015 and a 52 week low of Rs. 756 on 16-Feb-2016. Last one week high and low of the scrip stood at Rs. 859 and Rs. 782.75 respectively.

The promoters holding in the company stood at 74.68 % while Institutions and Non-Institutions held 20.04 % and 5.29 % respectively.

The stock is currently trading below its 200 DMA.

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